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See how verdicts work2-bedroom bungalow · LE2 5QP
Listing removedReduced £10k (−5.6%) on 20 MayListed 332 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An attractive, TWO BEDROOM BUNGALOW located within the Rosebrook Gardens development FOR THE OVER 55's in the heart of Oadby, WITHIN WALKING DISTANCE OF THE PARADE.
Location - The property is located within walking distance of The Parade, an attractive shopping area containing most national retailers including Boots, with major superstores such as Asda found a little further away.
Leicester city centre with its mainline railway station is approximately three miles distant, and the M1/M69 motorway networks and associated Fosse Retail Park are also closeby.
Accommodation - An entrance hall houses a useful storage cupboard and gives access to all accommodation.
The master bedroom has a square bay window overlooking the front garden and a built-in wardrobe with mirrored front. Bedroom two also has a window to the front elevation.
A spacious bathroom provides a white three piece suite comprising a panelled bath with a shower over and a glazed screen, an enclosed WC and a wall hung wash hand basin with mirrored cabinet above, part tiled walls and a useful built-in storage cupboard.
The large sitting room enjoys windows with a central door to the rear leading onto the patio area.
The kitchen offers a good range of beech effect eye and base level units and drawers, ample preparation surfaces, a one and a half bowl stainless steel sink and drainer unit with a mixer tap and window above.
There is an integrated Electrolux stainless steel oven and a four-ring electric hob with a stainless steel extractor unit over, space and plumbing for a fridge and washing machine.
A separate cupboard houses the Ideal wall mounted boiler and provides further storage space. Outside - The property is approached via a paved path to the front door through a small lawned frontage.
To the rear of the property is a patio area adjacent to the sitting room and a further lawned area with mature shrub and floral borders, fenced boundaries.
The development benefits from resident's parking.
Lease Details - Whilst we make every effort to ensure that these lease details are correct, they are subject to change, must not be relied upon & MUST be verified by potential Purchaser's Solicitor.
Tenure: Leasehold Lease Term : 125 years from 2005 Ground Rent : £150 per annum Service Charge : £2,240 per annum including buildings insurance Other Information - Local Authority: Oadby & Wigston Borough Council Tax Band: B Conservation Area: London Road & St Peter’s.
Services: Offered to the market with all mains services and gas-fired central heating. Broadband delivered to the property: Unknown.
Wayleaves, Rights of Way & Covenants: None our Clients are Aware of. Flooding issues in the last 5 years: None our Clients are Aware of. Accessibility: Lateral living, handrail installed over bath.
Planning issues: None our Clients are Aware of.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 2 bedroom bungalow for over 55's - Oadby
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